AP Photo/Jacquelyn Martin The Chair of the House Financial Services Committee announced that she would be launching an investigation into the collapse of FTX to “explore exactly what has taken place.” We reported on the collapse and the funny business that had allegedly gone on with the funds, estimated at over $1 billion that went missing.
Except that the only problem with that is that the Chair of the Committee is Maxine Waters. If you ever wanted an open and honest transparent investigation of anything, Waters would probably be the last person you would choose to be in charge of it–particularly given the involvement of the Democrats with FTX.
How do we know that this isn’t going to go well already?
Fox Business reporter Hillary Vaughn asked Waters if Democrats who got campaign cash from FTX should give it back. Waters’ response? Maxine Waters, tell us you are guilty without telling us you are guilty #FTX pic.twitter.com/CVsqJ0yCpr “Well, I don’t want to get into that. As a matter of fact, both sides, Democrats and Republicans, have received donations. So thank you.” In other words, she’s going to try to “both sides” this and not look into the Democratic issues here. Okay, even if both sides are involved (and obviously there’s a much greater involvement of the Democrats), investigate everyone; that’s not an excuse not to “get into that.” Indeed, it should be more of a reason to “get into that .” Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, was a major contributor to Democratic candidates during the midterm election cycle, funneling most of his donations through a little-known political action committee (PAC). Overall, in 2021 and 2022, Bankman-Fried donated nearly $38 million to various candidates and PACs, mainly giving his cash to Democratic candidates and left-wing groups, according to Federal […]
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